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ROKU

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4ROKU trade ideas

ROKU, the most awaited TURNAROUND has commenced! ↑↑↑ROKU has recorded an impressive volume surge of 52% from 7.7M to 11.7M conveying that buyers are back in the accumulation / positioning mode -- aided by the New Ad Partnership With Shopify. The stock has taken quite a beating on its value over the years after hitting a peak of 487 on 2021. That is about to change now as recent metrics / data is hinting of an upside reversal. On our tri-monthly chart, data is showing some shifting numbers already suggesting shorters are thinning out, and bulls are resurfacing. Histogram is showing some gradual bending lines suggesting an initial transition of trend. Bubble up volume has finally re-appeared after 2 years of waiting, last one was on July 2021. This is hinting of a turn around play for Roku. Pricewise, we got the first white light candle appearance on tri monthly chart in over 4 years! Last one was on April 2019 during its initial bullish era. The stock is currently sitting at 1.0 FIB level - a strong major order block support where the bulk of buyers converge. It also hovering a 4-year longstanding support at the present price range. We are now at the bounce base area. Expect some significant series of ascend from the current range. Spotted at 75.0 TAYOR Safeguard capital always. ------------------------------------------------- NOTABLE GOOD NEWS for the company: New Ad Partnership With Shopify. Roku Channel comes to Google TV and Android TV devices Roku Unveils Partnership With FreeWheel to Support Advertisers, Publishers -------------------------- Some additional data: Mar 2023 EPS beat by 22.02% Revenues in green at $740M --------------------------------------- source: investopedia / mark wilowski Roku Shares Surge After New Ad Partnership With Shopify The company is giving viewers the option to purchase Shopify merchants' products’ directly through their TV Roku products are displayed on a shelf at a Best Buy store on February 18, 2022 in San Rafael, California. Justin Sullivan / Staff / Getty Images Roku (ROKU) shares surged more than 11% on Tuesday after the streaming platform entered into a partnership with Shopify (SHOP) that gives viewers the option to seamlessly buy products directly from their TVs. KEY TAKEAWAYS Roku shares surged more than 11% on Tuesday after the TV streaming provider said it's giving viewers the option to buy products from Shopify merchants directly from their TVs. Viewers will be able to check out using Roku Pay, the company’s payments platform, and resume watching their program once the transaction is processed. It’s a new milestone in Roku’s ongoing partnership with Shopify, which started in 2021 after the company gave the latter's merchants access to its advertising platform. Customers will be able to make purchases through Roku Action Ads. Roku's advertisements on its streaming devices give users a set of interactive choices, including sending a text, scanning a QR code, or making a purchase. With this new development in their partnership with Shopify, viewers can simply click "OK" on their remote to learn more about the product and purchase it directly through their TV.1 Viewers will be able to check out using Roku Pay, the company’s payments platform, and resume watching their program once the transaction is processed, providing a smooth and seamless checkout experience. Men’s apparel brand True Classic, exercise equipment maker Ergatta, and wellness brand Olly are just a handful of Shopify merchants that have signed up as initial partners. "Roku democratizes access to TV advertising, and now, we’re collapsing the funnel for Shopify’s merchants," said Roku’s senior director of ad innovation, Peter Hamilton, highlighting that the company has a "unique position to make advertisers unmissable across the streamer’s journey."1 It’s a new milestone in Roku’s ongoing partnership with Shopify, which started in September 2021 after the company gave the latter's merchants access to its advertising platform.2 Roku shares were up by double digits on Tuesday and have risen 67% so far this year. Shopify shares gained 2% and are 78% higher year-to-date.
NASDAQ:ROKULong
by JSAL
3
$ROKU The Call of the CenturyDon't underestimate the sleeping Giant $Roku. There is a Roku device or TV in nearly every home in America, likely the world. They Offer free TV service, movies, shows with Ad's and their devices rarely fail. We are looking at NASDAQ:ROKU from a purely technical perspective. It has been beat down. The higher time frames have put in higher lows and is holding trend. Executives for the first time in NASDAQ:ROKU history are buying up the stock enemas. There is no where left to go but up.
NASDAQ:ROKULong
by Midgar-
Roku Stock Surges After Guggenheim Upgrade: A Detailed AnalysisRoku Inc. (NASDAQ: NASDAQ:ROKU ) experienced a significant boost in its stock price, jumping 11.78% in Friday's trading session. This surge followed an upgrade from Guggenheim Securities, which raised its rating on the stock from "Neutral" to "Buy" and set a new price target of $75. This upgrade has sparked renewed interest in Roku, a company that has been at the forefront of the streaming industry but has faced challenges in recent months. Guggenheim's Optimism: A Bright Spot Amidst Mixed Analyst Ratings Guggenheim's upgrade is based on their positive outlook for Roku's ability to expand its video inventory ad sales through third-party platforms and enhance home screen monetization. These efforts, they believe, will drive significant revenue growth into 2025. The new $75 price target represents a potential upside of 21.4% from Roku's current trading price, making it an attractive opportunity for investors looking for growth in the tech sector. However, it’s important to note that not all analysts share Guggenheim's optimism. Citi recently lowered its price target for Roku (NASDAQ: NASDAQ:ROKU ) to $60 from $70, maintaining a "Neutral" rating. This downgrade reflects concerns about the broader streaming industry's challenges, despite Roku’s strong Q2 earnings report. Pivotal Research, Macquarie, and JPMorgan have also revised their targets, setting them at $65, $72, and $80, respectively. These mixed ratings highlight the uncertainty surrounding Roku's future performance. Roku's Q2 Earnings: A Mixed Bag Roku's Q2 2024 earnings report was a mixed bag. The company reported revenue of $968.2 million, a 14.3% year-over-year increase that surpassed expectations by over $30 million. Platform revenue, which includes advertising, rose by 11% to $824 million. Additionally, Roku (NASDAQ: NASDAQ:ROKU ) added 2 million new streaming households, bringing its total to 83.6 million. Streaming hours also saw a 20% increase, reaching 30.1 billion. Despite these positive figures, Roku's average revenue per user (ARPU) remained flat at $40.68, signaling ongoing challenges in monetizing its expanding user base. This flat ARPU has raised concerns among investors and analysts about the company’s ability to sustain growth, particularly in an increasingly competitive streaming market. Fundamentals and Valuation: Is Roku a Buy? Roku's fundamentals present a compelling case for investors, especially those with a bullish outlook. The company has recently adopted Unified ID 2.0, an advanced identity solution expected to enhance its ad-targeting capabilities. Additionally, Roku is expanding its advertising ecosystem through partnerships with platforms like The Trade Desk, diversifying its ad revenue streams. Despite these positive developments, Roku (NASDAQ: NASDAQ:ROKU ) still faces significant headwinds. Inflationary pressures and potential changes in consumer spending patterns could impact its ability to sustain growth. However, the company’s valuation metrics indicate that the stock is trading at a relatively low multiple compared to its historical averages. Roku’s price-to-sales ratio is currently around 2.36x TTM, suggesting that the stock is reasonably priced for bullish investors to build a position. Moreover, Roku's financial position remains strong, with $2.1 billion in cash and equivalents and no significant debt. The company continues to generate solid free cash flow, standing at $318 million on a trailing 12-month basis. Guggenheim’s analysts believe that Roku’s disciplined execution and strategic focus on monetization will eventually reflect in its stock price, making it a potentially lucrative investment at current levels. Technical Analysis: The Support and Resistance Levels From a technical perspective, Roku's stock has seen a rollercoaster ride over the past few years. The stock has plummeted from its highs above $400 in 2021, and despite a brief recovery in 2023, it has struggled to maintain momentum, recently falling to $50. Currently, the stock is trading near a key support level at $60.2, which could provide a solid entry point for bullish investors. On the upside, resistance lies above $67.7. Investors with a bullish outlook may consider initiating a small position at current levels, with a stop loss below the support level. Conversely, those with a bearish outlook could consider shorting the stock near the resistance level, with a stop loss at $70. Conclusion: Is Roku a Good Investment? Roku’s future remains uncertain, with mixed signals from analysts and significant challenges ahead. However, the company's strong Q2 earnings, strategic initiatives in advertising, and solid financial position suggest that it has the potential to rebound. For investors with a long-term perspective, Roku (NASDAQ: NASDAQ:ROKU ) could be an attractive opportunity, particularly if the company continues to execute its growth strategy effectively. Whether you’re bullish or bearish on Roku (NASDAQ: NASDAQ:ROKU ), it’s clear that the company remains a key player in the streaming industry, and its stock is one to watch closely in the coming months.
NASDAQ:ROKU
by DEXWireNews
How I found and identified Five 100%+ return swing trades!It's not too late! My job i to identify the liquidity being built and since we're trading options, time the breakout as best we can. As you can see on these 3 equities, in addition to 2 more I'm trading (PYPL, UPS), we've built sufficient liquidity over the past few months in order to make these breakouts. So keep an eye out for controlled selling and re-entry opportunities - it's never too late to catch another breakout! Happy Trading :)
NASDAQ:ROKULong
by ReigningTrades
Cypher Bearish Pattern on ROKU (3H Timeframe)🔍 Overview: Spotted a bearish Cypher pattern on ROKU's 3-hour chart. This setup looks promising for a short trade! 📉 The RVOL average is increasing, which gives us a bearish confirmation. However, be cautious as the "High Volatility" dots indicate potential for drastic and unpredictable moves. 📊 📉 Chart Analysis: 1️⃣ The Cypher pattern indicates a potential reversal from the recent uptrend, with resistance around the $64.28 level. 2️⃣ The increasing RVOL average supports the bearish sentiment, suggesting more sellers are entering the market. 📈 🎯 Trade Setup: Entry Point: Look for confirmations as the price approaches the resistance level. Target 1: $58.86 💰 Stop Loss: $64.28 🚨 📝 Why I'm Interested: The combination of the Cypher pattern and increasing RVOL provides a strong bearish signal. The "High Volatility" dots highlight the need for caution but also present an opportunity for quick profits if managed carefully. 📊📉 📅 Timeframe: Monitoring this setup on a 3-hour chart, so keep an eye on shorter-term price movements. ⏳ 🔔 Stay Updated: Be ready to adapt your strategy as the price action unfolds. Let's get it! 🤑✌️ #ROKU #CypherPattern #RVOL #HighVolatility #Trading #StockMarket #TechnicalAnalysis #TradeTalkFarsi 📉🐻
NASDAQ:ROKUShort
by TradeTalkFarsi
Is Roku An Outperformer? NASDAQ:ROKU 6/7 Leader As discussed in my previous post AMEX:IWM has started to outperform the markets. Long story short rotations are favoring small/mid-caps at the moment, so we need to find the leaders of the small/mid-caps. Now with this being said we are not necessarily looking for % wise but more of a structure. NASDAQ:ROKU is another AMEX:ARKK name. Overall NASDAQ:ROKU is one of the leaders in the arkk name. Right now, price action wise NASDAQ:ROKU is trading within a range but as labeled in the chart within the range we took out buyers and sellers and now we are back in the range. What is the plan? - The plan here is simple. Since we took out both sides and rotations favoring small/mid-caps, I will be looking to add to my long exposure and pick up either ITM Calls at the $57 strike or ATM Calls at the $58 strike expiring 6/7. Entry is a continuation of momentum at market open. If momentum seems to be dying down, we will wait for a later entry if given. Add another contract either at market open if you bought at market close or vice versa. 1st TP is 50-70% of your initial contract value.
NASDAQ:ROKULong
by OakFDom
ROKU - This is simply a BUY level. Put aside the tapering and my strategy and algorithms altogether - If I only traded supply and demand and support and resistance levels - this would be a level I would buy! Obviously we have to be more specific than just '"buy" and that's where what I do comes very much in handy in determining WHEN to buy! In this case, since we already profited and are still working a position from before the pop last week, I will be playing this trade a bit differently as I have the opportunity to add new runners to an already long term position. If we do see orange activated and respected, we will look for confirmation, and expect a play to the high $60's where we can take profits and continue to work and build our position. Also - if anyone trades without volume on their chart - Don't. It's one of the two constants that everyone sees. Volume & Price - start to incorporate it as much as possible in all time frames as it gives great indications to intention and true levels of s&R Hope this was helpful Happy Trading :)
NASDAQ:ROKULong
by ReigningTrades
2